Latest Key Developments (Source: Significant Developments)

July 20 (Reuters) - UPL Ltd ::SAYS UNIT SIGNED A DEFINITIVE AGREEMENT WITH PLATFORM SPECIALTY PRODUCTS CORPORATION TO ACQUIRE ARYSTA LIFESCIENCE INC.DEAL FOR $4.2 BILLION IN CASH.DEAL IS EXPECTED TO BE COMPLETED IN LATE Q3 OF FY 2019 OR EARLY Q4 OF FY 2019.TO FINANCE INVESTMENT, UPL CORP INTENDS TO USE A COMBINATION OF NEWLY ISSUED EQUITY AND DEBT..SAYS EXPECTED TO BE EPS ACCRETIVE BY 10 TO 12 RUPEES IN FY 2020.TRANSACTION IS BACKED BY A $1.2 BILLION EQUITY INVESTMENT FROM ADIA AND TPG.EXPECTS ANNUAL RUN-RATE SYNERGIES OF OVER US$200 MLN .UPL CORP GOT DEBT FINANCING COMMITMENTS OF $3 BILLION FOR BALANCE OF CONSIDERATION FROM MUFG BANK AND COOPERATIEVE RABOBANK U.A. (HK BRANCH).
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